Tuesday, July 31, 2012

Vital Tips to Get the Right Education to Win

There is lots of Forex education available free online and here we are going to give you some tips on finding the best that can lead you to currency trading success.
Here are your Forex info sources to look up.
1. FREE Info
Most of what you will need can be found free on the net. Many of the e-books sold by vendors simply rehash what is found on the net and you can avoid paying for it by simply seeking out the right sources - search around and see what you find and you will stumble upon some good sources.
If you are your trading on Forex technical analysis you can find everything you need to know about indicators and chart patterns to build your own trading system. For a novice trader this is the best way to trade, avoid trading news - it's simply stories that reflect the losing majority, so avoid it.
Your aim is to trade the truth and simply follow price trends and everything you need can be found free - you need something more but I will return to this in a moment.
2. Expert Systems
All over the net claiming they can make you rich with mechanical systems and most will lose. Why? Because - they rely on clever marketing copy and simulated track records done in hindsight. If you see an ad that looks to good to be true pass it by, it is - has never been traded and simply put together by a marketing company.
3. Forex forums.
I took a look around a few of the top forums before I wrote this article and my look confirmed by suspicion full of losing traders.
The guys giving advice are generally people who can't make any money trading Forex and it makes them feel better and big to give out their wisdom. I have been a trader for 25 years and never bothered using Forex forums and don't think you should either.
4. The Edge
To make money you need a method and that's easily constructed from free info on the net which we touched on in point 1.
You can easily build a system based upon breakout methodology, support resistance and a few momentum indicators and win at Forex - just one word of caution:
You will have heard how it's essential in currency trading and it is but it's very hard to acquire that's why 95% of traders wipe out their equity quickly.
To ram home the importance of discipline, go to your local online bookstore and pick up some books by traders who have walked the walk, rather than simply talk the talk.
A few essential books are:
Market Wizards EDIT - Jack Schwager
This book interviews trading legends and lots of them and is one of the most popular investment books of all time and with good reason
The Way of the Turtle - Curtis Faith
This book tells the story of the turtles a group of 14 traders who became legends after learning to trade in 14 days and then earning $100 million in just 4 years.
The Disciplined Trader - Mark Douglas
A bit repetitive but rams home the importance of discipline better than any book I have ever read. The three books above you can pick up for about $60.00 and their worth every cent. They can explain far better than me my discipline is vital yet so hard to achieve.
Always keep in mind if you don't have the discipline to trade your Forex trading system, you don't have one! Trading looks easy yet few succeed - the ones that do build their own trading methods to get confidence which is the first step to trading with discipline.
Do the above get your method from free sources and the books above and you will have a head start on your way to learning currency trading the right way and get vital Forex education, to help you win and win big.

Tuesday, July 24, 2012

A Novices Guide To Getting The Best Education

If you want to learn forex trading you need to educate yourself the right way and most people don't do this - don't forget 95% lose their money and the main reason is they look for and take the wrong advice.
Let's look at the best forex education and where to get it and learn forex trading the RIGHT way
First Ignore this!
You will see lots of people selling e-books and claiming they can predict the market, trade with 90% odds and make you rich - ignore them and save your money.
None ever come with a track record and most of the so called secrets are free on the net. These e-books give forex trading a bad name, most of the marketing copy is hyped up and without suibstantiation and in many cases downright lies.
Want some good advice?
Then read advice from traders who have walked the walk rather than simply talk the talk and your Amazon bookstore has everything you need.
So what books should you start with?
Let's take a look at a few.
A story that has always fascinated me is the turtle experiment.
Legendary trader Richard Dennis set out to prove that trading could be taughtand took 23 people with no trading experience and taught them to trade in just 14 days - the result?
They made him over $100 million in profits!
Now I am not saying you will get as rich as the turtles - but get the book The Way Of the Turtle" written by Curtis Faith.
He made over 30 million dollars so he knows what he talking about and the book gives you a clear grasp of how the turtles achieved success and the challenges and the rewards of trading forex.
Want another book that has some great trading stories including the turtle story?
Get Market Wizards Edit Jack Shwager - this book simply interviews some of the top traders of all time and is essential reading.
Another great book is Trader Vic by Victor Sperandeo - covers a lot of ground from systems to psychology another trading master.
Now these books will point you in the right direction and its time fro you to devise your own system.
So look up technical analysis and learn about standard deviation and price momentum indicators and build a system based upon the above and the good news is all the information is free on the net.
Forex trading is not easy - but the turtle experiment shows it's potential and will inspire and motivate you to learn forex trading the right way and achieve currency trading success - good luck.

Tuesday, July 17, 2012

Poor Work Ethics Risk Future of U.S. Business, Education and Ultimately Freedom

With all of the political campaigning, a report released this fall by the Josephson Institute received very little attention and unfortunately should have been both front page news and the lead story for every major media outlet. This annual report of over 36,000 students revealed poor work ethics where 60% of American high school students in order to improve their performance cheated on a test with 28% said that they stole from a store.
What is even more incredible is the disconnect between these students' behaviors and their personal beliefs. Ninety-two percent of these students believed that their personal characters were satisfactory with a whopping 74% agreeing to the statement: "When it comes to doing what is right, I am better than most people I know." From the sound of these findings, no wonder we have politicians who believe that their misleading to false ads are O.K. and that they did nothing wrong.
The results of this survey confirmed earlier surveys. In 2005, Donald McCabe at Rutgers University published a survey where more than 70% of students admitted to cheating at least once on a test. Cheating is not just reserved for highs school students. McCabe also surveyed graduate students and discovered cheating attitudes for:
  • 56% of business students
  • 54% of engineering students
  • 48% of education students
  • 45% of law school students
The ramifications from this research are far reaching. For example, business ethics has been the talk of many with the Enron executives and various other business executives being indicted. With over 1 out of 2 believing that cheating is OK, can this be part of the reason? Capitalism does not make people unethical. People are unethical before they enter the business marketplace.
In education, more and more is written about how parents are responsible for the conduct of their children. Yet, when almost 1 out of every 2 teachers cheated at some time indicates that the issue of work ethics or what I call attitudes of performance is just as much about teachers as the parents.
And in our society where many of the laws are written by lawyers who have been elected to office, is it a wonder that there is an attitude of going around the law when almost 1 out of 2 have an acceptable attitude about cheating?
Ethics is critical to any society not only surviving, but thriving. These surveys indicate that the U.S. business, education and future are at risk. When young people to adult U.S. citizens can hear and see their leadership including:
  • U.S. President who said: "I didn't have sex with that woman"
  • U.S. Senator who said that his lawyers approved a report for a land deal where he made over a million dollars for land he did not own
  • U.S. Senator who resigns due to unethical conduct with U.S. pages.
  • U.S. citizen/lobbyist indicted for bribery
  • Employees of elected city, state and federal officials being indicted for extortion, racketeering, fraud, etc.
Should we be surprised when 2 out of 3 young people feel that their behavior is better than everyone else's even though almost 2 out of 3 young people have cheated on a test?

Tuesday, July 10, 2012

Expensive Educational Toys Aren't The Only Way To Get Your Child

It seems that as science advances, parents become more and more aware of the effect certain foods and activities have on their children. Gone are the days when fluffy teddy bears, Barbie dolls, and GI Joe figures were considered staple items in every kid's toy box; today, there is increasing pressure for children's recreation to be productive, educational, and enjoyable. Therefore, more and more parents are seeking toys for their children that will exercise their bodies and their minds, in order to give them the best possible start in life.
In recent years, toy manufacturers have been meeting these needs through a variety of new toy designs. However, classic toys [http://www.literacytrust.org.uk/talktoyourbaby/play.html#simply] can still provide children with effective mental and physical exercise if used in the right way. For example, old-fashioned sandpits can be a great way to get children to think about the way in which building and construction works: by using sandpits to 'create', children will be exercising their minds and imaginative processes, as well as having fun frolicking about in a sand pit.
Alternatively, if you're buying your son or daughter an outdoor playhouse or climbing frame, get them to help you construct it: if you let your child do the simple tasks when building a playhouse or climbing frame, it may bestow crucial developmental skills that will aid them in their future learning. While many children love to spend time colouring and drawing, it may sometimes be a good idea to encourage your child to make things indoors that can be used outdoors; for example, have them make a kite that can be flown on clear days.
A lot of educational and recreational activities for children don't even have to revolve around actual toys. Activities, such as gardening or cooking, can also help childhood development in many ways. Whether at school or at home, engaging in outdoor activities like gardening can instil a lot of self-confidence in a child, especially if they can see their efforts in helping a plant grow and come to life. And with the common issue of children's health in the news these days, cooking can also be a wonderful way to engage your child; by teaching children to cook healthily from an early age - away for sharp objects and heat of course! - parents can help them understand not only how their bodies work, but about the importance of personal health.
Many retailers across Britain, like the Early Learning Centre, sell a variety of toys and activities to aid a child's development, including toy gardening tools and cooking implements. So, if you're a parent with small children, you'll always be able to find a way of keeping your child entertained in a fun yet productive way, without having to splash out on designer educational toys.

Tuesday, July 3, 2012

Community College is an Excellent Educational Bargain

It's not news to anyone that college costs are skyrocketing. The average cost of one year at a private college or university has risen to a shocking $31,465. It's no wonder that parents and students look at that number and wonder whether a college degree is in their reach at all. However, many families overlook the tremendous costs savings that could be achieved by attending a community college for two years. Tuition at community college is typically half that of a public institution and just one-tenth that of a private institution.
For many years, community colleges fought the image that they were the last resort for students who couldn't get in anywhere else and that their programs were not as challenging or comprehensive and those at larger colleges universities. Today, however, community colleges are thriving centers that not only provide state-of-the-art career education, but also provide a high-quality educational foundation for students who wish to transfer to a college or university after two years.
Because most colleges and universities, regardless of size, require students to take core courses in their first two years before choosing a major, taking these courses at the community college level will save money. Additionally, core courses at the university level are often held in large lecture halls with hundreds of students. At community colleges, class sizes rarely exceed 30 students. So, paradoxically, community college students receive more individualized attention yet pay much less for that privilege.
Instructors at the community college level are required to hold a Master's degree in their instructional area. Some have pointed to this as evidence that community colleges cannot provide the same quality of instruction as colleges and universities that employ professors with Doctoral degrees. However, very few of those professors actually teach the core courses that students take during their first two years of college. Additionally, community college instructors often have real-world employment experience that gives them a more practical perspective than university professors, who are immersed in the world of academia.
Transferring to a larger institution at the end of two years at community college is often easier than being admitted as a Freshman. Also, many states guarantee admission to their state colleges and universities to community college graduates who maintain a certain grade point average. Even prestigious Ivy League colleges like Harvard, Yale and Brown have accepted transfer students from community colleges.